Industry News

Rusal paying production taxes consistently to government

Views : 100
Update time : 2022-05-27 20:21:16
Audley Shaw, Jamaican Transport and Mining Minister, said that Rusal, the world’s leading aluminum producer in Russia, has been paying consistently to Jamaica and honoring the deal as part of an agreement to pay production taxes in 2021.

So far, Rusal has paid approximately 45% of a US$35 million bauxite production tax that it owes Jamaica.

As part of the deal in 2021, Rusal made an upfront payment of 40% to the government last fall and then agreed to 30 payments per month from November 2021.

Rusal is currently not subject to sanctions by Jamaica or the US; however, the Western sanctions on Russia may make the company’s international projects complicated.
Related News
Read More >>
Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak
Mar .10.2025
Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak
US employment data falls short of expectations, aluminium ingot continues destocking trend this week US employment data falls short of expectations, aluminium ingot continues destocking trend this week
Mar .10.2025
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
China’s total bauxite supply may increase with short-term bauxite prices likely under pressure China’s total bauxite supply may increase with short-term bauxite prices likely under pressure
Mar .10.2025
China’s total bauxite supply may increase with short-term bauxite prices likely under pressure
New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan
Mar .10.2025
New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan